Redwood Materials is a battery recycling startup that makes electric vehicles and sustainable materials for circular supply chains.
Industries Advanced MaterialsBatteryElectric VehicleRenewable EnergySustainabilityHeadquarters Regions Western US Founded Date 2017 Founders JB Straubel Operating Status Active Last Funding Type Series D Legal Name Redwood Materials, Inc. Hub Tags Unicorn
Company Type For Profit
Contact Email info@redwoodmaterials.com Phone Number (775) 230-5421
Redwood Materials creates a circular supply chain to drive down the environmental footprint and cost of lithium-ion batteries and the electric vehicles and sustainable energy storage systems they power. Founded by JB Straubel, the Nevada-based company is offering large-scale sources of domestic anode and cathode materials produced from recycled
batteries. Redwood receives ~10 GWh of end-of-life batteries annually for recycling, which are then refined and remanufactured into critical battery materials. The company plans to ramp production of anode and cathode components in the U.S. to 100 GWh annually by 2025, enough to produce more than one million electric vehicles a year.